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Cameroon: FCFA net profit of 7.6 billion euros

Posted in
16.04.2019 01:18

Ecobank's Cameroonian subsidiary posted a net profit of 7.6 billion FCAs in 2018, up 28.2% from a year earlier. On a note arriving on Monday, the Board welcomed this positive outcome, with dividends per share doubling to 117%.

"Last year's economic backdrop was particularly difficult, but we decided to continue to include a digitization strategy to improve operational efficiency to serve many customers," said Isaac. Ndoumbe Lobe.

During the same period, the operating factor (EIF) increased from 56.98% in 2017 to 47.1% in 2018, while operating efficiency continued to increase at a high rate of 2.9 billion FCAs compared to 2017

Among the ongoing projects, the bank announced that it will continue to strengthen its "digital strategy" to support its position as a digital leader in the Cameroonian market.

Anyway, "Ecobank Cameroon will improve performance in all aggregations in 2018." The average ROA increases from 37.2% to 40.2%.

Gwendoline Abunaw, Managing Director, said, "We have made progress in implementing our digital strategy, which has enabled us to achieve strong efficiency, operationality and optimal profitability.

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